Reducing costs on student health insurance in US

With the health reforms getting implemented, students in America do not have to worry about accessing individual health plans. The Affordable Care Act now permits students to stay in their parents’ policies till the age of 26, the only exceptions being:

1.    The student is married

2.    Is living or studying in a place outside the area of coverage of the parents’ plan.

3.    Does not have access to affordable insurance at work.

It is in situations like these that students have to have individual policies of their own. And the exorbitant cost of the premiums is often the biggest hindrance. Low cost health plans are the best option for students. Here is how students can access health plans that do not have costly premiums:

-    Universities and colleges often offer discounted health plans to their students. These are often cheaper than regular individual plans

-    Some health carriers have health plans specially designed for students. These offer comprehensive coverage at affordable prices.

-    Insurance carriers come up with special offers and discounts at times. Students can avail health plan during then.

-    Individual health plans that have high deductibles have a low premium. For students who are in the prime of their health, these plans are also an ideal way to lower down the costs.

-    Specialized plans that are valid only for a specific period of time or only for particular medical conditions are also good cheap health insurance options.

-    Managed healthcare plans like HMO and PPO offer primary, preventive and yet comprehensive healthcare services at reasonable costs.

-    Students can also apply for government sponsored Medicaid if they cannot afford health plans at any costs.

Students often stay away from health insurance as they see it as a wasteful expenditure.  The fact they are in the prime of their health adds to their confidence. But staying away from medical coverage in US could lead to medical bankruptcy.  Therefore students in the country should ensure that they have medical coverage either on their own or through their parents.